The City of Willoughby can leverage the results of the Real Estate Market Study to engage with local developers and community leaders and foster future development within the City.
Downtown Willoughby Market Analysis
The City of Willoughby hired Environmental Design Group to conduct a real estate market study focusing on housing and retail demand within the downtown area, as well as the northern reaches of the City in and around Lost Nation Road.
We provided a detailed residential and retail market analysis that combined data-driven market metrics and local development statistics with the team’s market insights. This resulted in a final comprehensive output that detailed residential demand over a 10-year term, current retail sector demand, potential housing typologies, and potential achievable rental rates for incoming developers.